Section 179 Property(redirected from Section 179 Properties)
Section 179 Property
Real estate or personal property purchased specifically for investment or business purposes in the United States. Expenses on Section 179 property are tax deductible up to a certain level, which changes each year. However, one must declare that such property should be given Section 179 tax treatment by filing Form 4562.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved